On goods purchases of Rs.2,00,000 got trade discount of 20,000 from supplier, and the amounts paid to supplier is 1,00,000 in cash and RS.1,00,000 in check on the same day, what would be the general ledger entry ?

18 Answers   Genpact,

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p i r round ?

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what is the entry of credit card received excess amount entry in tally and their under group names

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How do you maintain accounting accuracy?

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in tally what is [import masters] why we are preparing it?

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You are a B.E Student? How can u manage Banking?

0 Answers   IDEAL Detonators,

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Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method

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How to create Sundry Creditors and Sundry Debtors Aging analysis.

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Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

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how i will pass the journal entry for the shipping charges

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A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME

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What are the basic assumptions in accounting?

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